22416 N 78TH Drive, Peoria, AZ 85383, Peoria, 85383 - 5 bed, 3 bath
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Peoria, AZ 85383
This Spacious Updated Residence is a Prime Investment Opportunity, listed at $725,000—positioned well below the $749,674 Fair Market Value by 3%. This valuation gap delivers $24,674 in Instant Equity. Boasting a Condition Rating of 3 with a 2020 Roof and HVAC, the home features a Granite Kitchen, Sparkling Pool and Spa, and a rare 8’ Oversized Garage. Located in the sought-after Fletcher Heights community near top-rated schools, it offers significant lifestyle and financial upside. This is an elite acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22416 N 78TH Drive Subject | $725,000* List Price | 5 | 3 | 3,343 | $224 | - |
A 7732 W Louise Drive Sold | $605,000 | 5 | 3 | 2,634 | $230 | 0.3 mi |
B 22471 N 79TH Drive Sold | $775,000 | 4 | 3 | 3,406 | $228 | 0.1 mi |
C 22471 N 79TH Drive Sold | $775,000 | 4 | 3 | 3,406 | $228 | 0.1 mi |
D 7849 W VIA DEL SOL -- Sold | $585,000 | 5 | 3 | 2,302 | $254 | 0.4 mi |
E 22341 N 79TH Drive Active Under Contract | $799,000 List Price | 5 | 4 | 3,272 | $244 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant recent capital improvements, including a new roof and HVAC systems (2020), an updated kitchen with granite countertops and a replaced island (2019), and very recent interior and exterior paint (2025/2026). While the home was built in 2001, the extensive updates to major systems, modern LVP flooring upstairs, and a remodeled master shower (2022) ensure the home is well-maintained with minimal deferred maintenance.
The property features significant high-ticket updates including a new roof and HVAC systems replaced in 2020, along with fresh interior and exterior paint, ensuring reduced immediate maintenance costs.
The backyard is fully equipped for the Arizona lifestyle with a sparkling pool, spa, extended covered patio, and mature landscaping, providing an ideal space for relaxation and entertaining.
The rare 8-foot oversized garage is a major asset, specifically designed to accommodate a 3/4 ton truck and providing extra storage space that is often lacking in standard residential builds.
For a large five-bedroom home exceeding 3,300 square feet, the 2.5-bathroom configuration may be considered insufficient for high-occupancy families or guests.
While the home offers substantial interior living space, the 7,927-square-foot lot is relatively compact once the large building footprint and pool/spa area are factored in.
Welcome to this beautifully updated home in the highly sought-after neighborhood of Fletcher Heights! This spacious 5 bdrm, 2.5 bath home offers a flexible and functional floor plan designed for both everyday living and entertaining. You will notice the pride of ownership, with many updates throughout the home, including: AC's & Roof (2020), Replaced kitchen island, dishwasher, range & granite countertops (2019), Remodeled master shower including 2 showerheads & LVP upstairs (2022), Exterior paint 2025, Freshly painted interior (2026) & more. Outback you will find an extended covered patio with a sparkling pool, spa, pavers, natural grass and mature shade tree. This home features an 8' oversized garage, that fits a 3/4 ton truck. Close proximity to excellent restaurants, parks, schools!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 82% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,343 | 2,519 | 82% |
| Lot Size | 7,927 | 7,500 | 55% |
| Price | $725.0K | $507.4K | 77% |
| Price per sq ft | $217 | $215 | 51% |
| Built year | 2001 | 2011 | 14% |
| HOA | $165 | $165 | 50% |
| Days on market | 5 | 2134 | 0% |
Apr 17, 2026
$725,000
Initial Listing